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Nuveen Announces Closing of $1.25 Billion Senior Notes OfferingNEW YORK, April 11, 2024 /PRNewswire/ -- Nuveen, LLC ("Nuveen") announced today that it has closed an offering of $1.25 billion aggregate principal amount of senior unsecured notes which have been issued in two series: (i) a series of 5.550% senior notes due 2030 in an aggregate principal amount of $500 million (the "2030 Notes") and (ii) a series of 5.850% senior notes due 2034 in an aggregate principal amount of $750 million (the "2034 Notes" and, together with the 2030 Notes, the "Notes"). The 2030 Notes will mature on January 15, 2030, and the 2034 Notes will mature on April 15, 2034. Nuveen intends to use the net proceeds for general corporate purposes, which may include, among other things, the repayment of $1 billion aggregate principal amount of 4.125% senior notes due November 1, 2024 previously issued by Nuveen Finance, LLC, a wholly owned subsidiary of Nuveen. BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp. and UBS Securities LLC acted as joint book-running managers for the 2030 Notes, and BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc. and TD Securities (USA) LLC acted as joint book-running managers for the 2034 Notes. Academy Securities, Ic., Blaylock Van, LLC, Capital One Securities, Inc. and U.S. Bancorp Investments, Inc. were co-managers for the Notes. The Notes were offered only to (i) persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and (ii) certain non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and therefore may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. About Nuveen Forward-Looking Statements Media Contact View original content to download multimedia:https://www.prnewswire.com/news-releases/nuveen-announces-closing-of-1-25-billion-senior-notes-offering-302114759.html SOURCE Nuveen |